#CryptoFees101
Crypto fees are charges incurred for various activities within the cryptocurrency ecosystem. These primarily include:
* Network (or Gas) Fees: Paid to miners/validators for processing and securing transactions on a blockchain. These fluctuate based on network congestion and transaction complexity.
* Exchange Fees: Charged by centralized exchanges for trading (maker/taker fees), deposits, and withdrawals. They can be a percentage of the transaction or a fixed amount.
* Wallet Fees: Some wallets charge for in-app services or development/maintenance.
Fees are crucial for network security, preventing spam, and incentivizing participation.